India's JBF to build 390 KTa PET plant

August 09/2011

(Plastemart) -- BP PLC and
Indian polyester manufacturer JBF Group have inked a deal for feedstock supply
by the UK energy giant to a new manufacturing unit to be built by JBF, as per
Dow Jones Newswire. The long-term supply deal is for BP-produced purified
terephthalic acid (PTA), which will be used by JBF in the manufacture of
polyethylene terephthalate (PET). The new 390 KTa facility will be located
on BP's existing petrochemical complex in Geel, Belgium adjacent to a BP
production site in Belgium. Costs of building the new facility would be borne by
JBF.